This week in gold
Sep 24, 2007
GLD - on buy signal as of 9/04.
SLV - on buy signal as of 8/31.
GDX - on buy signal as of 8/31.
XGD.TO - on buy signal as of 8/31.
It was another great week to be invested in the gold sector.
All ETFs remain on buy signals, therefore, we continue to sit
tight. From corresponding with many public readers, it is apparent
that a very large percentage of traders are currently on the
sideline, with some of them actually short and suffering a significant
drawdown. It is not my business to interfere with other analysts'
methodologies and recommendations, therefore, I welcome your
emails but cannot provide you with any specific advice other
than how our trading models are currently positioned.
We do not offer
predictions or forecasts for the markets. What you see here is
our simple trading model which provides us the signals and set
ups to be either long, short, or in cash at any given time. Entry
points and stops are provided in real time to subscribers, therefore,
this update may not reflect our current positions in the markets.
Trade at your own discretion.
End of update
Sep 22, 2007